Overview * Travelers Q3 core EPS of $8.14 * Net income for Q3 rises 50% to $1.888 bln, driven by lower catastrophe losses * Combined ratio improves to 87.3% from 93.2% due to lower catastrophe losses Outlook * Company did not provide specific guidance for future quarters or full year in its press release Result Drivers * LOWER CATASTROPHE LOSSES – Co attributes higher core income to reduced catastrophe losses compared to prior year * UNDERWRITING IMPROVEMENTS – Underlying combined ratio improved to 83.9%, reflecting strong underwriting results Key Details Metric Beat/Mis Actual Consensu s s Estimate Q3 $12.47 Revenue bln Q3 Core $8.14 EPS Q3 EPS $8.24 Q3 Net $1.88 Income bln Q3 87.30% Combined Ratio Q3 $1.10 Dividend Q3 83.90% Underlyi ng Combined Ratio Analyst Coverage * The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 15 "hold" and 2 "sell" or "strong sell" * The average consensus recommendation for the property & casualty insurance peer group is "buy." * Wall Street's median 12-month price target for Travelers Companies Inc is $298.50, about 9.7% above its October 15 closing price of $269.45 * The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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